Outstanding Common Amount Sample Clauses
The 'Outstanding Common Amount' clause defines the total sum of obligations or payments that remain unpaid or unsettled between parties under a contract. This clause typically applies to financial agreements where multiple transactions or payments are tracked over time, and it specifies how the outstanding balance is calculated, often by aggregating all unpaid amounts due as of a certain date. Its core practical function is to provide a clear and agreed-upon method for determining the current amount owed, thereby reducing disputes and ensuring transparency in ongoing financial relationships.
Outstanding Common Amount. The "Outstanding Common ------------------------- ------------------ Amount" shall mean the aggregate number of shares of Company Common Stock ------ outstanding immediately prior to the Effective Time.
Outstanding Common Amount. The "Outstanding Common ------------------------- Amount" shall mean the difference obtained by subtracting (x) the Outstanding Dissent-Eligible Amount from (y) the number of shares of Company Common Stock and Company Preferred Stock (counting each share of Company Preferred Stock as that number of shares of Company Common Stock into which such share of Company Preferred Stock would convert pursuant to an automatic conversion as described in the Company's Articles of Incorporation immediately prior to the Effective Time) outstanding immediately prior to the Effective Time.